Bitcoin for the Great Reset?

[ParkMusic]

Today there was news 'World’s richest man Elon Musk wants to be paid in bitcoin – yes because this monumental fraud knows it’s designed to lead to the Great Reset one-world digital currency'

 

David Icke commented that Bitcoin is designed to lead to the Great Reset. I am confused and would be grateful if someone could explain. Thank you.

[White_Raven]

On 1/11/2021 at 10:07 AM, ParkMusic said:

 

David Icke commented that Bitcoin is designed to lead to the Great Reset

It may not be true. Probably because it is  not  Bitcoin about. It is about blockchain technology that Bitcoin is based on.

So you could say that blockchain cryptographyc tokens technology  lead to issue of fiat money digital cryptocurrencies by central banks.

Bitcoin stay decentralised and has nothing to do with Great Reset`s centralised fiat cryptocurrencies issue plan.

Correct me if I am wrong.

Edited January 20, 2021 by White_Raven

[Macnamara]

My concern about bitcoin is that it even if it is on a decentralised blockchain that it could be a gateway drug for the great reset to a global digital currency

 

The central banks are working on their own closed blockchains through which they could launch and control their own crypto-currencies

 

Digital currencies are the perfect tool for the cabal because in their technocracy where everyone is micro-managed and monitored to control their CO2 output, a digital currency allows the central controllers the ability to watch and record your every transaction as well as being able to stop a transaction in its tracks if they disapprove of it

 

If they dislike something you have said or done they can also cut off your digital currency which would then cut you out of all goods and services. You could no longer trade in cash or hide cash under your mattress to make transactions out of sight and control of the central controllers

 

If the dictionary definition of slavery is to be the helpless victim of a dominating force then a centralised digital currency controlled by a technocratic elite able to monitor your every move and cut you out of any part of their 'smart grid' 'internet of things' at any time on a whim then that technocratic system represents a more complete form of slavery than any other in history

 

Even the most desperate slave in the past could have moments where they were not monitored or if things were totally desperate they had a chance to run for it but in a global technocratic society there is nowhere that you are not monitored and nowhere for you to run to

[EnigmaticWorld]

On 1/20/2021 at 7:01 PM, White_Raven said:

It may not be true. Probably because it is  not  Bitcoin about. It is about blockchain technology that Bitcoin is based on.

So you could say that blockchain cryptographyc tokens technology  lead to issue of fiat money digital cryptocurrencies by central banks.

Bitcoin stay decentralised and has nothing to do with Great Reset`s centralised fiat cryptocurrencies issue plan.

Correct me if I am wrong.

 

It won't be easy to hide the Bitcoin stolen through Twitter
https://www.engadget.com/twitter-hack-bitcoin-money-laundering-140031258.html

 

'Bitcoin is a great currency to use for criminal transactions because it has no central bank or overarching authority to resolve disputes or combat fraud. One thing it does have in its favor, however, is that the ledger of all Bitcoin transactions is public, and searchable. Which means that, while difficult, it’s entirely possible to follow the source and destination of the money handed over. 

 

In this, like with every other major Bitcoin scam, it’s relatively easy to trace the source of any transaction back to an exchange. That’s the place where people can turn their US dollars into Bitcoin (or back again), which can then be investigated by authorities. This is how the Department of Justice tracked down the Russian agents involved in the 2016 elections. '

[White_Raven]

On 1/22/2021 at 11:40 PM, Macnamara said:

My concern about bitcoin is that it even if it is on a decentralised blockchain that it could be a gateway drug for the great reset to a global digital currenc

 

Bitcoin WILL BE a gateway for the great reset a global currency but have a look at the differences between Bitcoin blockchain and how

central banks are planning to sort this out:

 

- Bitcoin is based on (DLT) Distributed Ledger Technology 

- (CDDB) Central Bank Digital Currency wants to be a digital form of fiat currency.

 

https://www.investopedia.com/terms/d/distributed-ledger-technology-dlt.asp

https://www.investopedia.com/terms/c/central-bank-digital-currency-cbdc.asp

(investopedia.com)

 

 

Edited February 2, 2021 by White_Raven
yours headache :)

[Macnamara]

1 hour ago, White_Raven said:

Bitcoin WILL BE a gateway for the great reset a global currency but have a look at the differences between Bitcoin blockchain and how

central banks are planning to sort this out:

 

ok and have a look at how the central controllers will respond to that:

Bitcoin out, digital rupee in: India cracks down on private cryptocurrencies while seeking to launch its own digital coin

31 Jan, 2021 10:54

The Indian government plans to introduce a bill to prohibit “private cryptocurrencies,” paving the way to outlaw the likes of bitcoin. The law is set to facilitate the creation of the nation’s own official digital currency.

The ‘Cryptocurrency and Regulation of Official Digital Currency Bill’ was put on the government’s agenda, according to a bulletin, released by the lower house of parliament earlier this week. The proposed law could be discussed in several sessions, the first of which could be held as early as next week.

The legislation moves to prohibit what it calls “all private cryptocurrencies in India,” but allows “certain exceptions” to promote blockchain, the underlying technology of cryptocurrency and its uses. It also aims to provide a framework to set up an official digital coin, issued by the Reserve Bank of India.

https://www.rt.com/business/514164-india-cryptocurrency-ban-law/

 

[Kat]

What are your views on Elon Musk? Good or Bad? 

[HerrShultz]

Bitcoin Expert Lays Out 3 Possible Players To Replace The Reserve Currency After Collapse Of The Dollar

https://www.infowars.com/posts/bitcoin-expert-lays-out-3-possible-players-to-replace-the-reserve-currency-after-collapse-of-the-dollar-2/

[eddy64]

imho bitcoin is dead in the water.

 

all countries governments will be transitioning to digital currencies that will be controlled by their central banks and competition from other digital currencies will be stamped out.

[Dustpanandbrush]

I’ve already posted on this but was wondering if anyone on this thread could help me. 
I am looking for information on the proposed Quantum finance system , or has the theory been debunked?

[Ziggy Sawdust]

Bitcoin has now gone through the £40,000 barrier.

[Truthspoon]

1 hour ago, Ziggy Sawdust said:

Bitcoin has now gone through the £40,000 barrier.

 

Great, I hope the private equity companies and banks all go to shit when it crashes.

 

Would love it if it was the ultimate way to bait and troll the worlds' financial institutions.

 

 

[Ziggy Sawdust]

4 minutes ago, Truthspoon said:

 

Great, I hope the private equity companies and banks all go to shit when it crashes.

 

Would love it if it was the ultimate way to bait and troll the worlds' financial institutions.

 

 

 

Elon Musk would  have to go onto  UBI.

[Mr H]

On 2/13/2021 at 10:51 PM, eddy64 said:

imho bitcoin is dead in the water.

 

all countries governments will be transitioning to digital currencies that will be controlled by their central banks and competition from other digital currencies will be stamped out.

That doesn't make much sense to me. Currently Bitcoin is in competition with central banking currency, so there is no change in circumstance as suggested.

 

Also from a practical standpoint, S&P 500 companies are now putting their treasuries or a certain allocation of it into Bitcoin. How does the governments of the world, bowl up to Tesla or Microstrategy and say, err that money that you have, you can't have that anymore? Are all the big companies just gonna say yeah sure, here have it back! And even if they tried to get every single country to outlaw it, you would get a handful who won't ban it, and Tesla would just incorporate in that country........ just not gonna happen...too far gone now to get banned.

Edited March 16, 2021 by Mr H

[Truthspoon]

On 3/12/2021 at 5:20 PM, Ziggy Sawdust said:

Bitcoin has now gone through the £40,000 barrier.

 

The cow is getting fat..... most investment will probably come late in the game just before the crash. This is how Ponzi works.

 

It's a bubble. A big bubble admittedly....... but I'd keep well away if I were you. There are less risky investments and Bitcoin is a very risky investment.

 

At best you might manage to double your money, at worst and most likely you'll lose everything.

 

Invest in what you know and understand.

Investments like these have always attracted dupes late in the game to be the bag men for the profits of the early investors......

 

Computing Forever has some good comments about Bitcoin:

 

https://www.bitchute.com/video/632doC7MEu45/

 

 

 

 

 

[Ziggy Sawdust]

8 minutes ago, Truthspoon said:

 

The cow is getting fat..... most investment will probably come late in the game just before the crash. This is how Ponzi works.

 

It's a bubble. A big bubble admittedly....... but I'd keep well away if I were you. There are less risky investments and Bitcoin is a very risky investment.

 

At best you might manage to double your money, at worst and most likely you'll lose everything.

 

Invest in what you know and understand.

Investments like these have always attracted dupes late in the game to be the bag men for the profits of the early investors......

 

Computing Forever has some good comments about Bitcoin:

 

https://www.bitchute.com/video/632doC7MEu45/

 

 

 

 

 

 

I bought my first bitcoin  around 2013.

I paid roughly £300 for four of them.

I then proceeded to use them to bet on football at Nitrogen Sports and despite getting my account up to 5 bitcoin at one time I eventually blew it all.

Haven't bought any since and have no intention of doing so.

Edited March 16, 2021 by Ziggy Sawdust

[Truthspoon]

10 minutes ago, Ziggy Sawdust said:

 

I bought my first bitcoin  around 2013.

I paid roughly £300 for four of them.

I then proceeded to use them to bet on football at Nitrogen Sports and despite getting my account up to 5 bitcoin at one time I eventually blew it all.

Haven't bought any since and have no intention of doing so.

 

I find Bit-coin traumatic to be honest..... so many people I know suffer from Bit-coin regret or some kind of emotional Bit-coin wound..... They sold it too early, and now they're kicking themselves, I think the power of emotional vampirism is what is really fueling Bit-Coin.  

 

It's just another distraction....it's been good for some...... but I suspect most people have been traumatised by it. And the pain is not over yet. The crash will hurt a lot of people.

 

I refuse to be hurt or traumatised or distracted by it. I've got my investments, slowly and surely gaining in value with little to no risk of losing money. 

 

Everyone wants to find the 'get-rich-quick' golden ticket, but in order for some people to get rich a lot of people have to pay the bill.

 

 

Edited March 16, 2021 by Truthspoon

[Mr H]

1 hour ago, Truthspoon said:

 

The cow is getting fat..... most investment will probably come late in the game just before the crash. This is how Ponzi works.

 

There are less risky investments and Bitcoin is a very risky investment.

 

 

 

 

 

 

 

I'm not sure it is a risky investment, it's definitely volatile because of the stage of life cycle it's in, but it's been going in one trajectory only.. But if say 10 years ago you invested £1000 in something, the best performing asset by a million miles is bitcoin. Yes price will go up and down still untill it matures as an asset - but in terms of risk, I would personally say it's less risky than most, definitely too big a risk not to invest imo. But I do agree you should invest only in what you understand, so if you don't get it you should stick to the classics.

[Mr H]

And Bitcoin is only really tip of the iceberg with what is going on in crypto world. Just look at the trends, as at April 2020 there was 900m locked in decentralised exchanges, today it's 45bn! The whole of finance is moving to de-centralisation. Then you look at the NFT space........ whether you are an old gold bug or whatever, times are changing...... the world is turning crypto...doesn't get that widely reported.....

[Truthspoon]

Mate seriously, talk sense....it looks good now....until it doesn't. 

 

Don't get caught up mate in the fever....remember 1929. That's probably what they've for planned. Get everything pumped into Bitcoin, bank stock, pensions,  until it crashes and fucks everyone.

 

Bit coin is volatile and this by definition makes it a risky investment. 

 

Just because it looks like a good thing now doesn't mean it isn't risky. 

 

[Four Flies]

I don’t trust it at all. People are getting rich, but it very often isn’t the little man. I invested and traded it for 4 years. Lost about 90%. It is not as easy as it looks, I promise. It’s a highly manipulated arena. Sure you can buy and hold, but you must be certain the future for Bitcoin is bright, and frankly none of us are. Very risky.

 

But to address the OP. Yes, this is getting everyone used to digital currency and the thought that it is antiestablishment is hilarious when you dig a little under the surface. Bitcoin, like everything else, is completely controlled.

Edited March 16, 2021 by Four Flies

[Poul Nelb]

 

Morgan Stanley is about to become the first major US bank to offer its wealth-management client access to cryptocurrency funds.

 

The crypto funds will only be offered to clients who describe their risk tolerance as “aggressive” and who have at least $2MM in assets held by the firm.

 

In other crypto news, Visa’s CIO Al Kelly said during an appearance on Fortune’s Leadership Next podcast that the company is working on enabling the purchase of bitcoin using Visa credentials.

“We’re trying to do two things; one is enable the purchase of Bitcoin on Visa credentials, and then secondly working with some Bitcoin wallets to allow the Bitcoin to be translated into a fiat currency,”

 

https://infokeltai.lt/morgan-stanley-to-offer-crypto/

 

 

[Mr H]

On 3/16/2021 at 3:01 PM, Truthspoon said:

Mate seriously, talk sense....it looks good now....until it doesn't. 

 

Don't get caught up mate in the fever....remember 1929. That's probably what they've for planned. Get everything pumped into Bitcoin, bank stock, pensions,  until it crashes and fucks everyone.

 

Bit coin is volatile and this by definition makes it a risky investment. 

 

Just because it looks like a good thing now doesn't mean it isn't risky. 

 

 

To explain further my point about risk.

 

I did agree above that the price is volatile and I explained why, because it's in price discovery mode. So if I set my time horizon to a short time series, then yes I would agree that I would expose myself to risk. If you change your outlook then it doesn't really matter and the price will naturally stabilize as more adopt. Is there a demand for more to adopt? Well there are 900 bitcoins mined everyday, and the main buyers Paypal and Square alone require far more than this number to meet demand. Miami are enabling state workers to be paid in bitcoin and allow their residents to pay their taxes in bitcoin. Now it's a 1 trillion dollar asset class you have the big institutions now who were previously restrained because of the asset class size, now enabled to invest. And they have already started doing so. S&P 500 companies are now moving % of their treasuries to bitcoin and for retail it is more commonly known and in demand too. Then we have the continual money printing issues which means you have to move money into hard assets which do not yield fiat preferably.

 

Leaves main options of BTC and gold/metals and trophy assets as your options. 

 

Now the cost of capital as measured by M2 money supply I believe is traditionally 8% last year that moved to 25% and is projected to be around 15% for the forseeable future. So any asset class you choose has to meet 15-25% to achieve parity. Does gold do that? No Even in it's wildest dreams gold couldn't do that because.........

 

If the gold price goes up what happens? You get more miners appearing on the stage which increases the supply of gold and eventually forces the price of gold down. Bitcoin you cannot produce anymore than the finite supply so it doesn't have this mechanical feature flaw. And it's the only asset (large cap) I know of when, demand increases, supply doesn't/cannot!  And we could go on to discuss all the other superior features BTC has over gold but.....

 

So we say bitcoin is highly risky investment although it has returned 200%/year for 10 years, whilst investing in currency or in a bank deposit you get -15%- -25% that to me is insanely risky! If you invest in a fiat generating asset you have to discount all cash flows received by the -15%- -25% as well as the asset impairment.If you want to invest in trophy assets then yeah sure, but you take the risk that that 1 or 2 people will still want it when you want to sell it which may take some time (so it's pretty illiquid), as well as the risk of someone coming round your house to steal that fine Picasso you were hoarding.

 

So it's not that risky I mention in terms of time and in comparison to other assets and in the current financial and crisis horizon...... 

Edited March 19, 2021 by Mr H

[Truthspoon]

What pricked my ears up was the drastic drop in Bitcoin last March when the Covid thing ramped up. Obviously it's made it up and much more but it strikes me that Bitcoin is vulnerable to social and economic shocks while gold and silver profit from them.

 

I think Bitcoin will be worthless in a SHTF scenario..... It's something which needs a complex infrastructure to maintain and to my mind it's more of a play-thing of economic decadence than any kind of reliable investment. 

 

 

 

 

Edited March 19, 2021 by Truthspoon

[gatekeeper38]

I also think that bitcoin might have led to the central banks launching their own cbdcs which will give them complete control over the money and there won't be any privacy if these get rolled out. But I also think that Bitcoin will still exist next to them and be a vehicle for transfering money out of the radar and the control of the central planners. Surely they can ban it but the network itself will always be working and doing it's job. It can and surely will fluctuate massively in its price but the ground of the technology will keep on existing and might make it possible to interact outside the system.

 

P.S always keep the 4-year cycle in mind when thinking about buying now (we're pretty close to the end of it)